The rent prices in real estate in Cleveland, in the Ohio region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Cleveland has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.14. In the following month the price per sq.feet rose considerably to $29.75. The price for the following two months in (December, January) had a considerable fall of 55 with regard to the previous two months. The price per sq.feet has had a considerable rise of 146 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $12.01 to $17.48 during February, and March.
When referring to the price in Cleveland (cities), this has risen in the last 6 months. The average price during our first sample month during October, is $989. During November the price went through a considerable rise reaching $1,166. In the following two months the average price has hardly changed with regard to the previous two months from $1,077.5 to $1,032. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,162 they are 4 % more affordable than the average price for Cleveland . The properties with the highest average price have 3 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,209.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.91 / sq.feet, with an average $3.15 / sq.feet price in Cleveland. The properties with the most expensive average prices have 2 bedrooms. They are 370 % more expensive than the average followed by properties with 1 bedroom with a price at $13.14 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,162 it is 3 % more affordable than the average price in Cleveland. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,129 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.5 / sq.feet followed by "Condo" priced at $107.6 / sq.feet. "Condo" is the most expensive type of property with a $107.6 / sq.feet value followed by "House" with an average price of $1.5 / sq.feet.